NCLAT declines stay on Adani's ₹14,535 cr bid for Jaiprakash Associates
after close1 source ↓written by the desknot a recommendation
- for Jaiprakash Associates
- ₹14,535 crore bid
- next hearing
- 10 Apr 2024
The NCLAT has declined any interim stay on the Adani Group's ₹14,535 crore bid for Jaiprakash Associates Ltd, following Vedanta's challenge. The tribunal has requested a response from the Committee of Creditors within a week and scheduled the next hearing for 10 Apr 2024. This decision supports Adani's ongoing acquisition efforts amid competitive bids.
Not investment advice. For informational purposes only.